US30 Displays Steady Climb With Bullish Indicators In Control

US30 Analysis – September 23

US30 displays a steady climb with bullish indicators in control. The index has maintained its upward trajector, with price action holding above the 9-day simple moving average (SMA) near $46,100. This positioning reflects consistent accumulation by traders and reinforces the prevailing positive sentiment. The MACD histogram remains in favorable territory, indicating that directional momentum continues to favor the upside. With the overall structure intact, US30 demonstrates resilience after previous pauses and remains aligned with its bullish setting.

US30 Key Levels

Resistance Levels: $47,000, $48,000, $50,000
Support Levels: $45,090, $42,880, $41,740

US30 Long-Term Trend: Bullish

From a structural perspective, US30 recently broke above a resistance trendline emerging from a contracting wedge, confirming the continuation of its upward move. The sequence of higher lows since July has supported the index’s steady rise, with strong buying interest observed around the $46,500 region. The breakout above the crucial $45,090 support in early August shifted the market outlook, establishing a new phase of sustained recovery. Continued consolidation within this rising formation has strengthened the base for further gains.

Forecasts suggest that US30 is positioned to test the $47,000 level, with momentum pointing to a possible advance toward $48,000. Sustaining price above $46,100 will enhance buyer confidence, while corrective pullbacks are likely to find support near $45,770. A decisive push beyond $48,000 could pave the way for a move toward the psychological $50,000 level, affirming the medium-term bullish outlook for US30.

US30 Short-Term Trend: Bearish

On the four-hour chart, US30 maintains a bullish structure, trading above the 9-period SMA at $46,394. Price action is consolidating just below $46,500 after a breakout from the ascending channel, reflecting sustained buying interest. The $45,770 level serves as a key demand area, providing support against potential retracements. With momentum still tilted to the upside, the index is likely to retest $47,000 and possibly extend toward $48,000, offering opportunities for traders who follow forex signals.

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